SUPPORT

FREQUENTLYASKED QUESTIONS

The LINK ecosystem is the cryptocurrency (digital token) environment that shares the general-purpose coin LINK. We aim to build a token economy that can be used by anyone in their daily lives. The LINK ecosystem is based on the following three principles.

01

Rewarding contributors

Rewarding those who participate and help build value within the LINK ecosystem.

02

Connected economy

Creating a thriving ecosystem and token economy joined together by a single cryptocurrency.

03

Designed for everyone

A cryptocurrency that’s natural and easy for regular people to use within the LINK ecosystem.

LINK marketing

Users can participate in the LINK ecosystem by joining any LINK dApp. Users will get a single LINK account and wallet for the services they join. After joining, they can acquire LINK by participating in the services and they can enjoy the payment features and other benefits for the various LINK dApps.

LINK is a universally used base cryptocurrency (digital token) in the LINK ecosystem, distributed and used by a range of services. LINK is based on an independent blockchain mainnet called LINK Chain, designed to offer exceptional performance and stability, and able to support the use of dApps for millions of LINE users.

Acquisition through transactions

The total amount of LINK to be issued is fixed at 1 billion (there will not be any additional LINK issued). LINK will be distributed as rewards to service contributors, and there will not be an ICO.

A total of 800 million LINK will be paid to users as rewards, according to policies of each LINK service. In addition, 200 million LINK will be managed by LINE Tech Plus, the issuer of LINK, as a reserve.

No, until we satisfy any and all legal requirements in Japan, users in Japan are prohibited from (a) any trading in LINK Point (including transfers or payments) and (b) purchasing, selling or exchanging LINK Point on any cryptocurrency exchange. However, until we fulfill the foregoing regulatory requirements in Japan, users in Japan may exchange 1 LINK Point for 500 LINE points.​

No, until LINK is listed on cryptocurrency exchanges that satisfy any and all legal requirements in Japan, users in Japan are prohibited from (a) any trading in LINK Point (including any transfers or payments); and (b) purchasing, selling or exchanging LINK Point on any local or abroad cryptocurrency exchange (including BITBOX).

LINK is based on an independent blockchain mainnet called LINK Chain, which offers exceptional performance and enough stability to handle the support of dApps to millions of LINE users. LINK Chain is a consortium-type blockchain platform where each participating service constitutes one node in a larger network. It is built on a high-performing blockchain core network that can process more than 1,000 transactions per second in a single thread. LINK Chain reflects LINE’s long experience and know-how in building platform infrastructure. ※ LINK Chain is developed by UNCHAIN CORPORATION, the joint venture of LINE and ICON Foundation.

The nodes of LINK Chain are managed by UNCHAIN CORPORATION, the technical operator of LINK Chain. UNCHAIN CORPORATION plays the role of developing and managing blockchain infrastructure technology by maintaining its neutrality within the LINK ecosystem and prioritizing safe management of the LINK Chain nodes.

LINK Chain supports prompt consensus based on the LFT (Loop Fault Tolerance) algorithm supporting BFT (Byzantine Fault Tolerance). In addition, it can achieve consensus a little faster by binding a number of nodes in a trusted relationship into one group based on LFT.